Terra Classic and Aptos were down by 17% and 14%, respectively, over the last week.
Market indicators remained bearish on both APT and LUNC.
Despite a promising beginning, the first week of 2024 did not go in the investors’ best interest. This was the case as most cryptos witnessed price corrections, thanks to the dominant bearish market condition.
However, while that happened, two tokens, namely Aptos [APT] and Terra Classic [LUNC], registered improvements in a key metric, suggesting a trend reversal.
Terra Classic and Aptos are bleeding
The recent price drop caused havoc in the crypto space, as top coins also witnessed price corrections. To put it in context, the price of Ethereum [ETH] dropped by more than 3% in the last week.
The king of cryptos’ Bitcoin [BTC] also fell victim to this price correction, but it was quick enough to make a recovery. However, other tokens like APT and LUNC were not as lucky as BTC as they continued to shed value.
According to CoinMarketCap, Aptos
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